Multifamily Property with
For Sale
$1,895,000
2841 San Gabriel St, Austin, TX 78705
Interior amenities include central air, granite counters, a pantry, and in-unit laundry appliances.
Property Size4,464 SF
Price / SF$424.51
Days on Market20
Property Features for 2841 San Gabriel St
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Windsor Road
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$24,321
Amenities
Ceiling Fan(s)
Granite Counters
Eat-in Kitchen
Pantry
Building Details
Building Size
4,464 SF
Year Built
1961
Stories
2
Listing Agency:
Heart of the Pines Real Estate
(512) 303-5709
Listed By:
Laura Munos · License #0655390
(512) 705-0420
Source:
Georgereinemund
Added: Oct 5
Changed: Oct 23
Last Checked: Oct 23 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heart of the Pines Real Estate
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Investment Insights
Based on property information with market context.
This 4,464-square-foot multifamily property was built in 1961 and includes a carport. Interior features include central air and ceiling fans, along with kitchens equipped with granite counters, an eat-in area, and a pantry. Appliances include a dishwasher, disposal, electric range, microwave, refrigerator, and washer/dryer.
The property features city, city lights, downtown, and neighborhood views.
The property features city, city lights, downtown, and neighborhood views.
Key Highlights
- 4,464‑square‑foot multifamily property built in 1961
- Carport
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,609
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,180
$1.2M
Cap Rate 7%
$865,843
$865.8K
Cap Rate 9%
$673,433
$673.4K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$116.2K $26.04/SF
− Vacancy
−$6.0K −$1.35/SF
EGI
$110.2K $24.69/SF
− OpEx
−$49.6K −$11.11/SF
NOI
$60.6K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,180
Cap Rate 7%
$865,843
Cap Rate 9%
$673,433
Alternative Uses
Best Use
Apartment 5plus
$865.8K
$757.6K – $1.01M
NOI $60,609 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,450 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,712
Businesses Nearby
Explore this area
Business Placement
Demographics for 78705, TX
36,535
Population
12,519
Households
2.9
Avg Household Size
23
Median Age
80%
College-Educated
99%
High-School Grad
2.1 sq mi
ZIP Area
17,398
Density / Sq Mi
$30,336
Median Household Income
$10,994
Median Earnings
$1,520
Median Rent
$627,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Interior amenities include central air, granite counters, a pantry, and in-unit laundry appliances.
Where is this multifamily property located?
The property is located at 2841 San Gabriel St Austin, TX.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 4,464‑square‑foot multifamily property built in 1961; Carport; Central air and ceiling fans
